Tesla cars are now 'quite old' and the exclusive brand is at risk, analyst says

Tesla's Model S and X cars are reaching the end of their product life cycle and will need a serious upgrade if the company wants to retain a luxury price tag, one auto analyst told CNBC.

The company blamed the dip on struggles to deliver its key Model 3 car to Europe and China, while demand slipped following the end of a tax credit for buyers in January. Tesla warned it will not return to profitability before the second half of this year. "If you claim that demand is huge and unlimited then the key question is, why do you lower your mix? Why do you lower your pricing?" Ellinghorst added.

"I mean the S and the X are quite advanced in any normal life cycle of a product so they would really need significant refresh in order to restore the pricing."

projections are now becoming quite old and constantly negative, and will require a serious upgrade if they want to stay in touch with reality $tesla

fakenews

“Wrong. Tesla’s don’t get old, they only appreciate” - Elon Musk

Apparently Tesla is still strong enough to keep pumping the negative stories👍 they do not kick dead dogs 🤨 makes you wonder, where is the SEC to pile on?

And that takes lots of cash that Tesla is burning through

370 and 325 mile range for model S & X (respectively) isn’t a serious upgrade? $tsla

I’d have to agree, long overdue for a redesign.

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